Cloud Security Expansion in Mumbai
Seedfund investment will fund product development and operations expansion.
Mumbai-based Nevales Network has received an undisclosed investment from Seedfund, an early-stage venture capital fund. The company offers security on-demand services to the small enterprises on cloud, reports Tech Circle, and says that it will utilize the fund for product development and operations expansion across the country. Customers mainly from sectors like education, healthcare, travel, finance, manufacturing and automobile are serviced by Nevales.
"Asked about the competition in India, Ravishankar said, ‘We aren’t aware of any other vendors offering subscription-based device plus the cloud strategy. Our UTM-based (Unified Threat Management) Security on-Demand solutions, focused on the SME segment, offers all crucial security features such as firewall, VPN, intrusion detection service, anti-virus, anti-spam, surf protection, spyware guarding, access management, bandwidth management, traffic monitoring and efficient reporting, all integrated into one box. The key difference is that we offer a subscription-based solution whereas other UTM vendors offer licence-based services.’”
